Last month, closed sales of existing single-family homes statewide totaled 21,271, up 13.6% year-over-year, while existing condo sales totaled 7,187, up 8% over September 2024, according to Florida Realtors®’ latest housing data. Continuing trends seen over the past few months, Florida’s housing market also reported more inventory (active listings) – though the increases are easing – along with median sales prices that were leveling off in September and the third quarter (3Q) 2025, compared to a year ago.
Looking at the for-sales picture, Florida Realtors Chief Economist Dr. Brad O’Connor said September’s year-over-year increase in closed sales of single-family was only the third time that happened in 2025. Even more noteworthy, he said, closed condo sales were up year-over-year in September for the first time in 17 months. He said, “Pending sales of Florida single-family homes were up by 7% compared to a year ago in September. And likewise, over in the condo category, new pending sales were up by 6.6%. So now we have two consecutive months (August and September) where new pending sales have been up year-over-year in both property type categories. While it’s still a little early to definitively declare a shift in the overall trend to one of longer-term positive sales growth, at the very least we can be more confident we’re moving in that direction than we were a month ago,” he added.
The statewide median sales price for single-family existing homes in September was about the same as a year ago, while the statewide median price for condo units was down 4.8% compared to September 2024. For 3Q 2025, Florida’s single-family median sales price was down 1.2% compared to the same quarter a year ago; the condo median for 3Q was down 6.1% year-over-year.
On the supply side of the market, single-family existing homes were at a well balanced 5.1-months’ supply in September and 3Q 2025, while condo properties were still in Buyers’ Market territory at a 9.1-months’ supply for both timeframes. “It’s taken a while, but the Florida housing market is finally showing some signs of reaching a bottom in terms of sales,” O’Connor said. “Inventory levels continue to show some signs of stabilization, and prices as of late seem to be trending in that direction. Mortgage rates continue to be the key determinant of where the market will go from here.”